Product Overview

Product Features

Freedom
Plus
Checking
Account
Regular
Checking
Now
Checking
Account
Savings Account
Time CDs
HSA
Business Checking
ISB Money Market
Free Online Banking
X
X
X
X
X
X
X
X
Free Tele Banking
X
X
X
X
X
X
X
X
Free ATM or Debit Card
X
X
X
X
 
X
X
X
Direct Deposit Capabilities
X
X
X
X
 
X
X
X
Direct Payment Capabilities
X
X
X
X
 
X
X
X
Interest Bearing
X
 
X
X
X
X
 
X
No Monthly Service Charge
X
 
 
 
 
 
 
 
Minimum Balance Requirement
 
X
X
X
X
 
 
X
Receive check images back by mail
 
X
 
 
 
 
X
 
Overdraft protection plan available
X
X
X
 
 
 
 
X
Coin / Currency Service
X
X
X
X
X
X
X
X
Merchant Processing
 
 
 
 
 
 
X
 
Wire Transfer
X
X
X
 
 
X
X
X
Visa / Mastercard
X
X
X
X
X
X
X
X
Retirement Accounts
X
X
X
X
X
X
X
X
Seniors Club
X
X
X
X
X
X
 
X
Safe Deposit Boxes
X
X
X
X
X
X
X
X
Night Depository
X
X
X
 
 
X
X
X
Business Retirement Accounts
 
 
 
 
 
 
X
 
FDIC Insured
X
X
X
X
X
X
X
X
Unlimited Transactions
X
X
X
X
 
X
X
 

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Important Information About Opening An Account

On September 11, 2001, our lives changed forever. In an effort to protect you and our country, the USA PATRIOT Act was signed into law. To help the government fight the funding of terrorism and money laundering activities, Federal law requires all financial institutions to obtain, verify and record information that identifies each person who opens an account.

When you open an account, we will ask for your name, address, date of birth and other information that will allow us to identify you. We may ask to see your driver’s license or other identifying documents.

We proudly support all efforts to protect and maintain
the security of our customers and our country.

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Checking

Freedom Checking Plus
A checking account in which no minimum balance is required, interest is compounded and credited monthly, and there are no monthly service charges.
 

Regular Checking
A complete record-keeping system for your personal financial transactions and tax preparation, with a monthly statement. Pay bills through the mail safely and quickly, while developing a personal credit history.
 

Now Account
A complete record-keeping account which pays interest that is compounded and credited monthly and allows unlimited check writing, requires a minimum balance of $900.00 or a $1,500.00 average, and includes a monthly statement. Monthly fees apply if requirements have not been made.
 

Iowa Savings Bank Money Market
A checking account which pays interest that is compounded and credited monthly which allows 6 debits (3 can be check debits) and unlimited credits. Requires a minimum balance of $2500 and includes a monthly statement. Monthly fees apply if requirements have not been made.

Terms:

  • Minimum Balance $2,500. If Balance falls below $2,500 during a statement cycle, the account will be charged $10.00
     
  • Limited to 6 Debts per month, only 3 of which can be checks. (Refer to Regulation D transaction rules)
     
  • Truncated account (Can be changed at account level for special circumstances)
     
  • Interest paid monthly at end of month
     
  • Variable interest rate. Tied to 90 day Treasury Bill, as published in the Wall Street Journal. Changes weekly on Tuesday’s (or if Monday is a holiday, it will change on Wednesday). Margins for each tier can be changed without notice.
     
  • Tiered account. Rates vary based on balance in account.
$0.00 to $24,999.99 90 Day Treasury Bill less 2.75%
$25,000,.00 to $49,999.99 90 Day Treasury Bill less 1.25%
$50,000 to $99,999.99 90 Day Treasury Bill less 1.00%
$100,000.00 or more 90 Day Treasury Bill less 0.80%

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Savings / ATS

An account which draws interest and is paid monthly. You will receive a quarterly statement unless you have a checking account in which statements are received monthly. Automatic transfers (ATS) to and from this account are available. Minimum balance of $100.00. Students to age 18, no monthly charge.

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Time Certificates of Deposit (CDs)

We can designate a rate and maturity for your specific needs. Standard maturities 6 month, 1 year, 2 year, and 3 year. Federal regulations require a substantial penalty for early withdrawal. Minimum balance required.

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Health Savings Account (HSA)

Iowa Savings Bank was a pioneer in offering Health Savings Accounts and remains committed to offering a high level of in-house expertise, assistance to employers, and extremely cost-efficient accounts. These extraordinary tax-advantaged accounts are a great option for those who qualify. Stop in and ask for a free booklet or call and say “Tell me about your Health Savings Accounts”. Read about them now by clicking on this link: http://www.treas.gov/offices/public-affairs/hsa/

You will need Adobe Acrobat Reader to view the booklet. If you do not have Adobe you can click the Adobe Icon below to download a free copy of it.

Download Adobe Acrobat Reader

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Credit Cards

Iowa Savings Bank is proud to offer you a locally serviced credit card. Any questions you have about your card can be answered by calling or stopping in at the bank! Like to view your statements online? Simply go to www.mycardstatement.com to view your transactions, statements and make payments to your Iowa Savings Bank credit card.

Verified by Visa is the new service - exclusively for Visa cardholders that offers you added safety by helping ensure that only you can use your Visa card online. You simply create a unique password to confirm your identity.

There is no need to get a new card. Verified by Visa works with your Iowa Savings card. You will enjoy security when you buy online at participating stores. Why not create your own password right now by going to http://www.visa.com/verified.

To apply for the Iowa Savings Bank VISA or MasterCard, print out an online application and send it to the bank.

You will need Adobe Acrobat Reader to print the application. If you do not have Adobe you can click here to download a free copy of it.

The Iowa Savings Bank MasterCard and VISA Benefits
Toll Free Travel Reservation Service
You can save money while conveniently making any personal or business transportation, lodging, cruise and tour reservations. The travel Reservation Center is available to you 24 hours a day 1-800-778-1725. When you call, you will need to provide the travel ID number found on your membership card.
Bonus Travel Dividends
Receive coupons redeemable for 5% dividend on all scheduled airline, lodging, car rental, cruises, and tours purchased. Some exceptions do apply.
Auto Rental Discounts
Save up to 25% at most Hertz, Avis and National Car Rental location.
Credit Card Registration
Register all of your credit cards in one convenient place. Simply call toll free 1-800-252-2514 to apply.
Key Registration
If you should lose your keys, finder can simply drop them in a mail box and keys will be returned to you, postage paid.
Auto Rental Insurance*
Unlike other programs that require you to first submit a claim to your personal auto carrier, Iowa Savings Bank provides a first line of defense (PRIMARY) coverage due to a covered loss. It can help keep your auto rates from increasing due to claims.
Travel Protection
As a cardholder, you are automatically eligible to receive up to $1,250 reimbursement for amounts paid for direct physical loss or damage to Checked and/or Carry-On Baggage and personal property contained therein.
Medical Assistance
Receive 24 hour, 365 days of the year, medical information from a global network of general physicians, dentists, hospitals and pharmacies. Simply call 1-877-860-1099 for assistance.
Vision Care
Save up to 50% from retail prices on vision care at any NVA participating provider. Simply call 1-800-426-1094 and follow the phone prompts, and you are on your way to great savings. Visit www.npa.com to find out NVA providers near you.
Discount Pharmacy
Save up to 50% from retail prices on prescription drugs. To submit an order, simply get a prescription from your doctor and then call 1-866-222-3433 for personal assistance. You'll be mailed everything you need including preaddressed envelopes for submitting your prescription.
Personal Shopper
Shop by phone and find the best price available that includes a convenient purchasing option. Simply call 1-866-333-5066 for assistance.
Quarterly Newsletter
Each quarter you receive an informative newsletter, Cardholder Vantage Point, with your credit card statement. You'll find interesting articles on financial matters as well as dining, entertainment, shopping and travel. So be sure to look for upcoming issues!
 
CREDIT TERMS
Annual Fee NONE
Annual percentage rate for purchases, cash advances and balance transfers 12.75% as of May 9, 2008
Variable Rate Information Your Annual Percentage Rate (APR) may vary quarterly. The rate will be the New York Prime rate as published in the Wall Street Journal ("Index") on the 1st business day of January, April, July and October plus 5.0%. The rate has a ceiling of 21% and a floor of 9.75%.
Grace period for purchases If you pay your new balance in full within 25 days of your billing date each month you will avoid charges on purchases.
Method of computing the balance for purchases Average daily balance (including new purchases)
Cash Advance Fee 2% for each cash advance, with a minimum of $2 and no maximum
Late and overlimit Fee $15.00
Other Fees Return Check - $10

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ATM / Debit Cards

ATM Cards
For your convenience Iowa Savings Bank's Automatic Teller machines are available in safe locations. Iowa Savings Bank is a member of the Privileged Status Group. By using one of our many ISB ATM locations or any ATM with a Privileged Status logo, no fee will be incurred. Apply for a card for your emergency and regular use anywhere throughout the world where one of the following symbols are shown:

Debit Cards
The Iowa Savings Bank's "Check Card" provides instant access for cash from checking and savings accounts through automated teller. The ISB Check Card can be used at any VISA location worldwide for hassle free purchases, direct from your checking account. This modern convenience eliminates the need to carry a bulky checkbook and is available for use with any of our checking products. Apply for a card today.

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Seniors Club
The Iowa Savings Bank's Heritage Club is for Very Special People over the age of 55. As an Iowa Savings Bank Heritage Club Member, you will receive a wide array of unique benefits specifically geared to our special members. Can't be shy with this group... their motto is "Come Join The Fun!"

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Loans
We provide all types of loans for personal, business, farm or corporate need. Visit with a member of our loan officer staff to design a loan for you. Credit Life and Health and Accident Insurance can be provided at state of Iowa prescribed rates on most loans to provide family and financial security.

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Retirement Accounts

Traditional IRAs In addition to annual contributions, traditional IRAs can also accept rollovers from 401k or 403b retirement accounts when you leave an employer or are eligible to transfer funds. All of our IRAs have a self-direct feature and permit numerous beneficiary designation options.

ROTH IRAs Although contributions are not deductible, withdrawals at retirement may be completely tax free and more tax deferral options past age 70½ exist than for traditional IRAs.

Coverdell Education IRAs have a maximum annual funding of $2,000 per designated beneficiary, a big increase from the former $500 limit. There are income limitations for contributors ($110,000 single / $220,000 joint).

The right plan for you depends on many personal and business factors. The descriptions above are just highlights and not intended to be comprehensive or to be legal advice. We recommend that you select the best plan after consultation with your attorney or tax advisor

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*Insurance products are:

  • NOT A DEPOSIT
  • NOT FDIC-INSURED
  • NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY
  • NOT GUARANTEED BY THE BANK
  • MAY GO DOWN IN VALUE

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